After it’s most recent earnings call, Trip Advisor has fallen back towards the lows of it’s recent range around $60. Frankly, the stock hasn’t done much for shareholders in the last 3 years while Priceline sits at the head of the industry table. We saw some options activity today though that may turn the tides for this stock in the short-term.
There is a total of 3700 contracts traded so far on this strike currently with no open interest so most of this volume is opening. So paying around $1.3 these players need the stock to get back into the earnings gap territory around $66 fairly soon in order to make any real money. With Priceline and Expedia trading bullishly, maybe we can see a short squeeze or two start the party in Trip Advisor.
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